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Air Transportation Industry considers the influence of political, legal, economic, social, and technological factors on the developments in the industry. It provides a brief historical background of the air transport industry, the determinants of the changes in the airline business, and adaptation processes that resulted in the evolution of business models and structural changes in the industry. Utilizing a unique database containing the characteristics of more than 16,000 air carriers worldwide, the book discusses key findings related to changes in the transport capacity of airlines operating at different points in time, including the length of the lifecycle and reasons for termination of activity, types, and geographical scope of operations. It also explores the impacts of global and regional-scale legal regulations. The book will interest air transportation and airport operations researchers. It can also serve as a reference for management and operations transportation students in logistics, air transportation, and economics courses.